Dollar Tanks as Unemployment Claims Skyrocketed to 26-Year Highs
December 11, 2008 at 12:06 PM EST
The US dollar is tanking as jobless claims rise by the largest amount since November 1982, 26 years ago. As I have suspected, it is the 1980s all over again. This confirms that the 533k drop in non-farm payrolls last month will not be the bottom in the labor market. When claims first hit 573k in [...]
